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Mirova supports the extension of the Accord on Fire and Building Safety in Bangladesh

13/02/2018

Mirova signs the Bangladesh Investors Initiative's statement calling calling on companies sourcing from the Bangladesh apparel sector to endorse the extension of the Accord.

The collapse of the Rana Plaza in 2013 was a tragedy that brought the world’s attention to the inadequate working conditions in textile and garment factories in Bangladesh. Following this event, Mirova and Natixis Asset Management joined the Bangladesh Investor Initiative by signing the initial investor statement launched by the ICCR (Interfaith Center on Corporate Responsibility). The Statement was calling for global textile and garment factories to sign up to the Accord on Fire and Building Safety in Bangladesh (Accord). Members of the Accord commit to a 5-year agreement to contribute and work towards making textile and garment factories a safe place for workers.

With the 2013 Accord set to expire this year, an extension of the Accord has been drafted by which members commit to another 3 years of collaboration to ensure the health and safety of workers and respect of their rights. Members of the Bangladesh Investor Initiative have issued a new statement calling on companies sourcing from the Bangladesh apparel sector to endorse the extension of the Accord. By signing the statement, investors, such as Mirova and NAM, also agree to engage with companies to ensure the sustainability of their supply chains. The text can be found here.